Systems accountant job description

BASIC DESCRIPTION:

The Power Systems Division is part of ITW's North America Welding Industrial Platform. The Accountant will be responsible for driving results by accurately preparing, interpreting and communicating all division financial information. This individual will be an active member of the division core accounting team and will assist in adhering to and applying all ITW principles and procedures and internal controls. We are looking for a detail oriented, positive professional with excellent interpersonal skills and the ability to work well as a team and individually. Candidate must be a fast learner and be able to balance multiple projects. This position is based in Appleton, WI.

ESSENTIAL FUNCTIONS:

Lead the monthly, quarterly, and year-end financial closing process effectively and efficiently

Prepare accurate financial statements and maintain/reconcile ledger accounts

Be analytical, inquisitive, and crisp in explaining the story behind the numbers and a strong ability to understand macro and micro trends and quickly discern inaccuracies

Provide various sales analysis reports as needed to help support the division and provide timely data for managers to assist with decision-making

· Assist in developing monthly and quarterly outlooks as well as annual plan

Present an objective opinion as input for business decisions based on facts, data and analysis

Inventory management including participation in cycle counting program

Maintain the standard cost files in accordance with ITW policies/procedures. Participate in annual standard cost roll-up

Oversee the accounts payable function, related vendor management, and sales and use tax reporting and compliance

Assist in capital expenditure requests and audits, and manage fixed assets within the division

Keep the leadership team informed of important developments, potential problems, and related information necessary for effective management

Help other employees understand how their choices and decisions will impact the financials and identifies, communicates, and trains others on key business drivers

Leverage available tools and new technologies to compile relevant useful information to support process improvements and operational decisions

Participate in and lead cross-functional Toolbox projects

Be a strong motivational champion of the ITW Toolbox; utilizing 80/20 in all critical thinking toward applying sound judgement to analyze processes, identifying and acting upon opportunities to reduce complexity and simplify processes

Perform related work as apparent or assigned

• Internal Controls. Provide accounting and technical support to implement, test and report on internal controls to include Internal Controls Over Financial Reporting (ICOFR), Internal Controls Over Financial Systems (ICOFS), Internal Controls Over Non-Financial Operations (ICONO), and Improper Payments Elimination and Recovery Improvement Act (IPERIA) functions. Assist in the following tasks:
  • Perform work to validate processes, recommend improvements to strengthen internal controls. Provide support to ensure compliance with laws and regulations, to include OMB Circular A-123.
  • Prepare adequate documentation to support assessment and testing of ICOFR, ICOFS, and PERIA programs.
  • Assist management and government staff as required in establishing the necessary processes in support of MICP. Where applicable, assist in updating and providing training to ensure all processes meet ICOFR, ICOFS, and PERIA objectives.
  • Assist management and government staff in tracking, compiling, and reporting the ICOFR, ICOFS, and IPERIA testing results in the DIA annual Statement of Assurance (SoA) and the Agency Financial Report (AFR) as necessary.
  • Participate and assist the internal controls program team, as needed, testing for compliance and validating results to ensure compliance with Federal laws and regulations and gather and maintain sufficient evidence to support conclusions.
  • Assist management in performing risk assessments, and in implementing a sustainable internal control program.
• Financial Statement Audit Liaison. Maintain an Audit Readiness/Sustainment Program Risk Management Strategy and metrics, coordinate and facilitate requests for audit related data, and maintain automated tools to support daily operations. Assist in the following tasks:
  • Coordinate, track, and monitor auditor issued NFRs and respective Corrective Action Plans and remediation efforts providing oversight guidance regarding corrective action designs, development, implementation and documentation thereof
  • Maintain an Audit Readiness Risk Management Strategy that allows the PMO to identify, monitor, and respond to risks impacting the goals and objectives of the Audit Readiness Program.
  • Maintain a performance management plan that ensures alignment of Audit Readiness/Sustainment Program goals and objectives with sound key performance indicators and metrics
  • Coordinate, facilitate, and track the request for audit related data (e.g. Auditor Provided by Client [PBC] requests) between Agency Directorates and Special Offices, and Integrated Audit Team (IAT) and Independent Public Accountants Auditors
  • Track the progress of internal and external deliverables, review and validate responses, and facilitate the submission of requested deliverables to external stakeholders, including DoD and ODNI.
  • Maintain a quality assurance (QA) program that ensures each audit readiness/sustainment deliverable(s) and other work products meet internal and external stakeholder, including ODNI and DoD, requirements and standards are addressed in a timely manner.
  • Maintain the Audit Readiness Database, automated tools and methodologies to support the daily implementation of the Audit Readiness Program, working in conjunction with the agency's Manager's Internal Controls Program team(s) to ensure all business processes (identifying all key controls) and dependencies are documented, up to date, and centrally filed and accessible.

Requirements

• Bachelors degree in Accounting
• TS/SCI Clearance
• Minimum 2-3 years federal accounting experience
• Must be able to compile and analyze large and complex data sets using the Microsoft office suite and its advanced functions (example: Ability to use Microsoft Excel and the pivot table capability with large and complex datasets).
• Ability to perform all functional duties independently

Desired Skills/Experience

• Certified Public Accountant (CPA)

• MA/MS Degree

Weee! is headquartered in Fremont, CA, and is currently available coast to coast with exceptional growth (5x YoY) across geographies, categories and ethnicities. We have raised $800M+ in funding to date from leading investors including Softbank Vision Funds, DST, Blackstone, Tiger Global, Lightspeed Ventures, Goodwater Capital, XVC and iFly. The opportunity now is to join a rocketship as we prepare for the next stage of growth, and an eventual public listing.

About the role

This role will report to the Senior Manager, and primary responsibility will be to support and conduct research on various technical accounting matters that could impact the Company's financial statements. The ideal candidate will be a gritty/scrappy problem solver and self-starter who can drive policies and processes across the organizations, and ability to respond quickly to changing business needs.

Responsibilities

• Lead and assist with ERP financial system implementation and system testing
• Work with department leaders, product owners, and end-users to understand current state business processes, develop future state processes with next generation systems/applications, delivery training, risk management, and successfully support end-user adoption
• Support end-user training and act as a functional lead
• Perform analysis and diagnosis of process/system issues
• Contributes to proposal development
• You will be the primary technical accounting resource for the company, requiring proficiency in a broad set of technical accounting topics and in-depth knowledge of accounting principles surrounding revenue recognition (ASC 606), stock-based compensation (ASC 718), lease accounting (ASC 842), M&A and other areas
• Perform technical accounting research, and clearly and concisely document memos and effectively communicate complex accounting issues to finance and non-finance partners
• Analyze and account for sophisticated vendor agreements and technical accounting issues, and document any non-standard terms which require separate accounting entries/actions.
• Spearhead the development and implementation of a public company financial reporting function and process, including process over all SEC filings (10-Qs, 10-Ks, proxy statements, earnings release, and other forms of SEC financial reporting) to ensure compliance with SEC rules and regulations, compliance with U.S. GAAP, and consistency across all external financial communications to investing public
• Serve as the finance organization's subject matter expert on non-standard transactions and collaborate cross-functionally with legal, and operations relative to contract negotiations to provide guidance on technical accounting, policy or process issues
• Work closely with auditors to drive conclusions on complex accounting issues. Build a strong and effective professional relationship with our external auditors to ensure effective coordination of audit activities
• Lead the coordination of accounting, process, and control integration projects resulting from M&A activities
• Help with other accounting duties and ad-hoc requests

Qualifications

• A collaborative team player, able to partner with internal and external contacts at all levels
• Ability to manage multiple tasks under deadlines with meticulous attention to detail
• Bachelor's degree in accounting or related area; 4+ years of Big 4 public accounting experience is preferred
• Eagerness to learn and willingness to take on new challenges
• Experience with process improvement and using data and metrics to drive improvements and analysis
• Experience with SAP, and other similar ERP systems a plus
• Thorough understanding of share-based compensation accounting, general accounting close processes, and SEC reporting/earnings release process

Company benefits

• Comprehensive health insurance, including medical, dental, and vision.
• Annual bonus opportunities
• Vacation and paid time off
• Monthly Weee! Points credits

Softbank Vision Funds